The $100 Million Pizza: The Story of the 10,000 Bitcoin Purchase

The $100 Million Pizza: The Story of the 10,000 Bitcoin Purchase info

Short answer 10000 bitcoin pizza:

In May 2010, Laszlo Hanyecz made the first recorded purchase using Bitcoin by paying 10,000 bitcoins for two Papa John’s pizzas. Today, that amount of Bitcoin would be worth millions of dollars since it was one of the earliest transactions in cryptocurrency history.

A Step-by-Step Guide to Making Your Own 10000 Bitcoin Pizza

The story of the infamous 10,000 Bitcoin pizza is one that many people in the cryptocurrency world know. For those who are not familiar with it, a man named Laszlo Hanyecz made history back in May 2010 when he bought two pizzas for 10,000 BTC. At the time of writing this blog post, that amount of Bitcoin would be worth around $100 million dollars! Yes, you read that right – One hundred million dollars spent on just two pizzas.

Nowadays, the idea may seem crazy and downright ridiculous to a lot of people. However, we must remember that Bitcoin was not as valuable or widespread at that time compared to today’s crypto market. To put things into perspective: Back then 1$=1309BTC while now even less than one bitcoin costs thousands of dollars!

If you’re curious about trying out Laszlo’s expensive taste buds but don’t want to spend millions on pizza (I mean…who does?), here’s a step-by-step guide on how to make your very own “10,000 Bitcoin Pizza” from scratch.

Step one: Gather Your Ingredients

To start making your own version of this historic pie, you’ll need all the ingredients required for making regular homemade pizza dough along with some extra special toppings:

– All-purpose flour
– Instant yeast
– Salt
– Lukewarm water
– Olive oil
-Tomato sauce & mozzarella cheese (the basic topping)
-Caviar and truffles (those expensive add-ons)

Keep in mind though…these toppings will multiply up your total expense faster than Laszlo managed to lose his Bitcoins!

Step Two : Prepare The Dough

Mix together three cups flour; instant yeast packet; salt and lukewarm water until everything combines into an elastic consistency after kneading for five minutes by hand or ten min through mixer attachment like Kitchen Aid Stand Mixer .

Let this good stuff rest for 30-40 minutes in a warm place to allow the dough to rise.

Step Three : Build Your Pizza

When you’re ready, spread out your dough into a large circle and brush some olive oil on it. Now it’s time for toppings – First apply tomato sauce and cheese over this pizza layer before sprinkling generous amounts of black truffle shavings all around the top! Finally comes that ultimate luxury topping of Russian Beluga Caviar that would put even celebrity chef Gordon Ramsey’s palate to shame!

And there you have it: A homemade version of the infamous “10,000 Bitcoin Pizza”.

We know what you’re thinking now…the final cost of these add-ons probably might push up so high that may leave Laszlo himself surprised too! But hey, at least it makes one helluva Instagram-worthy post as well as potentially earning internet fame if word gets out about your creation.

In conclusion, we hope our step-by-step guide on how to make “10,000 Bitcoin Pizza” has helped inspire you with creative culinary ideas while bringing back

10000 Bitcoin Pizza FAQ: Everything You Need to Know

In May of 2010, Laszlo Hanyecz made the first-ever Bitcoin transaction. Well, technically it wasn’t a direct purchase since he didn’t send his coins to anyone in exchange for something tangible – but he still put them to use and got something out of it. And that “something” was pizza.

You see, Laszlo wanted some pizza and decided to post on a forum asking if anyone was interested in accepting around 10,000 BTC (back then worth almost nothing) in exchange for ordering him two large pies from Papa John’s or Domino’s. To his surprise, someone actually agreed and placed an order using their credit card while he sent the equivalent amount in Bitcoins over. The deal was sealed; they exchanged food for digital money without even meeting each other or knowing what they looked like.

This historic event has become known as the “Bitcoin Pizza Day,” celebrated annually by crypto enthusiasts all over the world who appreciate how far things have come since that day when buying anything with cryptocurrency seemed like science fiction rather than reality.

To mark this occasion and help answer any questions you might have regarding this momentous event, we’ve compiled a list of FAQs so read on!

1. So, how much did those pizzas cost?

At the time of purchase (May 22nd 2010), Laszlo paid exactly 10k Bitcoins (BTC) which were initially just experimentally mined on laptops’ CPUs before miners equipped with GPUs started jumping aboard during that year.

2. How much would they be worth today?

As at September 2021, One Bitcoin is worth approximately $47K USD — which means that ten thousand Bitcoins amounts to almost half a billion dollars ($470m). That’s certainly one expensive ‘za!

3. Wasn’t it crazy for Laszlo to spend so much Bitcoin back then?

Not really – well maybe not yet anyway. It’s easy to forget that nobody ever could have predicted Bitcoin would blow up and become as valuable as it is today. Hindsight is 20/20 but back then, you had a digital currency worth almost nothing that was little more than an experiment in consensus technology. Laszlo wanted to see if he could put his Bitcoin to use and exchange them for something tangible – And with the state of cryptocurrency thoughts by wider society at large being used just for black markets — no one on the forum thought much about the significance of this transaction.

4. Did anyone else panic sell after seeing how much Laszlo spent?

Apparently so! As soon as word got out, people started dumping their coins like crazy since they feared somebody else might do the same thing again or some sort of bubble were going burst from crypto market hence losing all their money overnight because taking heart into Laszlo’s transactions can meant either; a new era in digital finance or a foolhardy attempt for financial oblivion.

5. But isn’t spending BTC like selling off your stocks too early instead

From Crypto Obscurity to a $40 Million Pie: The Story of the 10000 Bitcoin Pizza

Few people have heard of Laszlo Hanyecz. Even fewer know his name in the context of one of the most important, if not infamous moments in Bitcoin’s history. For those who don’t know the story, it goes like this: on May 22nd, 2010, Laszlo bought two large Papa John’s pizzas for 10,000 Bitcoins – a transaction that would later go down as an iconic moment for both cryptocurrency and internet culture.

At the time of that purchase – made through the now-defunct community website BitcoinTalk – each Bitcoin was worth fractions of a penny. So when you do some quick maths (assuming there were no transaction fees or taxes involved), what we see is someone essentially spending around to buy two generous servings’ worth of pizza.

Of course hindsight is 20/20 and now we all look back at this story with equal parts disbelief mixed with admiration. After all today’s price of a single bitcoin currently hovers around $3000USD let alone ten thousand!

But consider also less often talked about significance here; one could argue that it was really Laszlo doing something more radical than simply buying pizza with digital currency- he was setting out to prove its value! That he found someone willing to trade actual goods for “magic internet money” only further solidified Bitcoin’s place as a legitimate form payment system for everyone going forward.

And so now May 22nd has become known as “Bitcoin Pizza Day”, where crypto enthusiasts commemorate every year by either ordering themselves their own pies or engaging in Satoshi Roko belief theory discussions.

Perhaps incredible part is how things even initially got stirred up online back then? On page five hundred forty-three (give or take) within thread titled “Laszlo’s pizza offer” A very matter-of-fact headline quickly captures our protagonist’s intentions: “I’ll pay 10,000 bitcoins for a couple of pizzas… like 2 large ones so I have some left over for the next day. I’ll pay 10,000 bitcoins or fiver dollars, whichever one is worth more at that time.”

The thread got its fair share of teasing and push-back from others in the community. “This would’ve been completely outrageous even if it was just $5,” user macnikov writes. “I mean really Laszlo? Do you realize how much Bitcoins are worth?”

But as we all now know: Laszlo still made his trade with success.

Hanyecz has continued to play an active role within both Bitcoin’s online forums (and pizza eating lifestyle). Looking back on this historic moment in cryptocurrency history, Laszlo’s reasoning behind buying those pies makes perfect sense: what’s the point of having a digital currency system worthy of attention if it can’t be used to buy everyday goods? Hanyecz’s experiment not only helped legitimize value for BTC but paved way for today giant e-commerce/crypto adoption giants like Coinbase & Bitpay foundations.

And anyway

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